Charlene Young: Some DC savers still fighting for pension freedom

Not all providers are willing to use the provision

clock • 3 min read

Charlene Young says some DC savers are still being denied full access to pension freedom - more than four years after its introduction - despite a handy statutory override being in place...

It has been over four years since George Osborne's famous budget speech announcing freedom and choice in the defined contribution (DC) pension world. However, some pension savers are still finding they cannot access the options that were intended to be available from 6 April 2015. To ensure DC scheme members could access the increased flexibility and new benefit options, the government included a permissive statutory override in the tax rules. For those of you who like your legislative references, head straight to section 273B of Finance Act 2004. For those who don't - the overr...

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